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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $167.7M, roughly 1.6× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -5.3%, a 24.5% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 11.1%). James River Group Holdings, Inc. produced more free cash flow last quarter ($-23.6M vs $-37.2M). Over the past eight quarters, James River Group Holdings, Inc.'s revenue compounded faster (-8.7% CAGR vs -8.8%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
JRVR vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $267.3M |
| Net Profit | $32.1M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | 14.6% | -7.7% |
| Net Margin | 19.1% | -5.3% |
| Revenue YoY | 32.4% | 11.1% |
| Net Profit YoY | 149.5% | 33.2% |
| EPS (diluted) | $0.59 | $-0.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $167.7M | $267.3M | ||
| Q3 25 | $172.7M | $305.9M | ||
| Q2 25 | $174.8M | $304.6M | ||
| Q1 25 | $172.3M | $280.5M | ||
| Q4 24 | $126.7M | $240.5M | ||
| Q3 24 | $191.5M | $227.2M | ||
| Q2 24 | $188.3M | $294.7M | ||
| Q1 24 | $201.1M | $321.6M |
| Q4 25 | $32.1M | $-14.3M | ||
| Q3 25 | $1.0M | $8.1M | ||
| Q2 25 | $4.8M | $3.7M | ||
| Q1 25 | $9.6M | $1.3M | ||
| Q4 24 | $-64.8M | $-21.4M | ||
| Q3 24 | $-39.4M | $-5.9M | ||
| Q2 24 | $7.6M | $4.6M | ||
| Q1 24 | $15.4M | $24.0M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | 14.6% | -7.7% | ||
| Q3 25 | 1.5% | 3.6% | ||
| Q2 25 | 4.2% | 2.8% | ||
| Q1 25 | 9.3% | 1.0% | ||
| Q4 24 | -57.0% | -10.1% | ||
| Q3 24 | -27.1% | -3.1% | ||
| Q2 24 | 10.7% | 2.1% | ||
| Q1 24 | 16.4% | 9.3% |
| Q4 25 | 19.1% | -5.3% | ||
| Q3 25 | 0.6% | 2.6% | ||
| Q2 25 | 2.7% | 1.2% | ||
| Q1 25 | 5.6% | 0.5% | ||
| Q4 24 | -51.1% | -8.9% | ||
| Q3 24 | -20.6% | -2.6% | ||
| Q2 24 | 4.0% | 1.6% | ||
| Q1 24 | 7.7% | 7.5% |
| Q4 25 | $0.59 | $-0.34 | ||
| Q3 25 | $-0.02 | $0.19 | ||
| Q2 25 | $0.06 | $0.09 | ||
| Q1 25 | $0.16 | $0.03 | ||
| Q4 24 | $-2.44 | $-0.46 | ||
| Q3 24 | $-1.10 | $-0.13 | ||
| Q2 24 | $0.13 | $0.10 | ||
| Q1 24 | $0.35 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $260.9M | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $538.2M | $686.0M |
| Total Assets | $4.9B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $156.7M | ||
| Q3 25 | $238.8M | $191.5M | ||
| Q2 25 | $220.0M | $190.8M | ||
| Q1 25 | $279.4M | $180.3M | ||
| Q4 24 | $362.3M | $240.7M | ||
| Q3 24 | $359.8M | $254.6M | ||
| Q2 24 | $672.5M | $272.8M | ||
| Q1 24 | $305.5M | $278.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $13.2M |
| Q4 25 | $538.2M | $686.0M | ||
| Q3 25 | $503.6M | $697.7M | ||
| Q2 25 | $492.6M | $690.0M | ||
| Q1 25 | $484.5M | $686.1M | ||
| Q4 24 | $460.9M | $690.5M | ||
| Q3 24 | $530.3M | $712.7M | ||
| Q2 24 | $541.8M | $736.3M | ||
| Q1 24 | $539.5M | $739.3M |
| Q4 25 | $4.9B | $1.1B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.0B | $1.1B | ||
| Q1 25 | $4.9B | $1.1B | ||
| Q4 24 | $5.0B | $1.1B | ||
| Q3 24 | $5.0B | $1.1B | ||
| Q2 24 | $4.7B | $1.1B | ||
| Q1 24 | $5.3B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-18.8M | $-1.9M |
| Free Cash FlowOCF − Capex | $-23.6M | $-37.2M |
| FCF MarginFCF / Revenue | -14.1% | -13.9% |
| Capex IntensityCapex / Revenue | 2.9% | 13.2% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $-1.9M | ||
| Q3 25 | $34.3M | $22.0M | ||
| Q2 25 | $25.2M | $34.8M | ||
| Q1 25 | $-51.5M | $-38.9M | ||
| Q4 24 | $-247.1M | $13.9M | ||
| Q3 24 | $-269.9M | $-15.3M | ||
| Q2 24 | $-8.7M | $8.3M | ||
| Q1 24 | $24.1M | $33.4M |
| Q4 25 | $-23.6M | $-37.2M | ||
| Q3 25 | $33.7M | $-6.4M | ||
| Q2 25 | $24.7M | $17.0M | ||
| Q1 25 | $-52.7M | $-66.4M | ||
| Q4 24 | $-252.0M | $-1.3M | ||
| Q3 24 | $-270.8M | $-32.9M | ||
| Q2 24 | $-9.3M | $-5.8M | ||
| Q1 24 | $23.3M | $16.0M |
| Q4 25 | -14.1% | -13.9% | ||
| Q3 25 | 19.5% | -2.1% | ||
| Q2 25 | 14.1% | 5.6% | ||
| Q1 25 | -30.6% | -23.7% | ||
| Q4 24 | -198.9% | -0.5% | ||
| Q3 24 | -141.4% | -14.5% | ||
| Q2 24 | -4.9% | -2.0% | ||
| Q1 24 | 11.6% | 5.0% |
| Q4 25 | 2.9% | 13.2% | ||
| Q3 25 | 0.4% | 9.3% | ||
| Q2 25 | 0.3% | 5.8% | ||
| Q1 25 | 0.7% | 9.8% | ||
| Q4 24 | 3.9% | 6.3% | ||
| Q3 24 | 0.4% | 7.7% | ||
| Q2 24 | 0.3% | 4.8% | ||
| Q1 24 | 0.4% | 5.4% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | 2.72× | ||
| Q2 25 | 5.29× | 9.41× | ||
| Q1 25 | -5.38× | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.14× | 1.80× | ||
| Q1 24 | 1.56× | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
